USDA's weekly export sales will be out at 7:30 a.m. CDT Thursday, the same time as weekly U.S. jobless claims, the U.S. trade deficit for March, a report of first-quarter U.S. productivity and an update of the U.S. Drought Monitor. The U.S. Energy Department's weekly natural gas storage report follows at 9:30 a.m. and traders continue to monitor the latest weather forecasts closely.
Weather
A system moving into the Midwest on Thursday is bringing broken lines and clusters of showers and thunderstorms through the middle of the country. While there is some risk for severe weather from Wisconsin through Texas, it is much lower than in recent days. Instead, heavy rain falling over saturated ground could lead to some flooding in additional areas, especially around eastern Texas and Louisiana.